Page 40 - Inegrated Annual Report 2020-Eng

CONSOLIDATED STATEMENT OF FINANCIAL POSITION | AS AT31 DECEMBER 2020

2020 2019
Notes AED ’000
AED ’000
ASSETS
Non-current assets
Property, plant and equipment 4 1,549,447 1,444,334
Goodwill and other intangible assets 6 36,276 36,276
Investment in a joint venture 7 24,438 21,451
Financial assets at fair value through 8 31,669
othercomprehensive income -
Deferred tax assets 10 3,715 2,623
Retentionsreceivable 32,944 7,395
Total non-current assets 1,646,820 1,543,748

Current assets
Inventories 11 391,674 393,640
Trade and other receivables 12 4,904,239 3,546,516
Financial assets at fair value through profit or loss 9 27,782 27,097
Cash and bank balances 13 259,786 254,226
5,583,481 4,221,479
Assets classified as held for sale 5 1,062 1,478
Total current assets 5,584,543 4,222,957

TOTAL ASSETS 7,231,363 5,766,705

EQUITY AND LIABILITIES
Capital and reserves
Share capital 15 250,000 250,000
Share premium 16 341,500 341,500
Reserves 17 743,589 672,725
Proposed dividend 62,500 -
Retained earnings 2,431,481 2,278,676
Total equity 3,829,070 3,542,901

Non-current liabilities
Provision for employees’ end of service benefits 18 131,807 118,419
Term loan 14 266,890 148,565
Long term lease liabilities 3 8,251 8,724

Total non-current liabilities 406,948 275,708

Current liabilities
Trade and other payables 19 2,183,328 1,751,807
Short term borrowings 14 812,017 196,289
Total current liabilities 2,995,345 1,948,096
Total liabilities 3,402,293 2,223,804

TOTAL EQUITY AND LIABILITIES 7,231,363 5,766,705

Mohammed Thani Murshed Al Rumaithi Yasser Nasr Zaghloul Sreemont Prasad Barua
CHAIRMAN CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER

The attached notes 1 to 31 form part of these consolidated financial statements.

40 2020 Integrated Annual Report